Wall Street is in the midst of its worst financial crisis since the great depression. There have been many booms and busts in recent years, but this one will be of a different magnitude because it combines a crash of both stock market and housing values, and it is likely to be more global in scope. The September 2008 issue of the Economic Climate for Bargaining outlines some of the potential impacts for Canada.
The report also includes:
- Recent average economic forecasts of main economic indicators for Canada
- A discussion of job trends this year
- Analysis of recent increases and expectations for inflation and wage settlements